https://www.taxtmi.com/caselaws?id=338331 The Tribunal dismissed all three appeals by the Revenue, confirming the CIT(A)'s decisions. The compensation for premature termination, product development expenses, project registration expenses, and software expenses were treated as revenue expenditure. Provisions for leave encashment, gratuity, and date expired stock were excluded from book profit computation under Section 115JB, and the disallowance of service tax under Section 43B was deleted. The Tribunal found no merit in the Revenue's contentions and upheld the CIT(A)'s orders comprehensively. en-us Tue, 22 Nov 2016 00:00:00 +0530 Wed, 01 Feb 2017 08:44:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338331 The Tribunal dismissed all three appeals by the Revenue, confirming the CIT(A)'s decisions. The compensation for premature termination, product development expenses, project registration expenses, and software expenses were treated as revenue expenditure. Provisions for leave encashment, gratuity, and date expired stock were excluded from book profit computation under Section 115JB, and the disallowance of service tax under Section 43B was deleted. The Tribunal found no merit in the Revenue's contentions and upheld the CIT(A)'s orders comprehensively. Case-Laws Income Tax Tue, 22 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338331